Bluewaters Bay at Bluewaters Island Escrow Account

Abu Dhabi Commercial Bank (ADCB) holds the escrow account for Bluewaters Bay, account number 1049*****20036 (the full number appears in the Escrow Details section above), linked to DLD project number 2530, which entered the Dubai Land Department register on 07 December 2022.

The Dubai Land Department record for project 2530 lists DHRE 2 BTS L.L.C, developer number 1510, as the registered developer, while the project itself is marketed under the Meraas name. The developer entity named in the Sales and Purchase Agreement and on payment instructions is expected to match that register entry, and the payee on every installment is the escrow account itself.

Under the 80/20 plan, the 20 percent booking payment and the 60 percent paid during construction go into the escrow account at ADCB, and the final 20 percent is due on completion, with handover scheduled for Q1 2027. Money leaves escrow for the developer only against engineer-verified construction progress, so the timing of releases follows the works recorded on site rather than the payment dates set in the Sales and Purchase Agreement.

No. The 4% DLD registration fee is payable to the Dubai Land Department when the unit is registered under Oqood, and it does not enter the Bluewaters Bay escrow account. It is a government fee separate from the purchase price, so it forms no part of the 20 percent booking payment and is never released to the developer.

Oqood is the Dubai Land Department register entry for an off-plan unit, recording a buyer's purchase of a specific Bluewaters Bay residence under project 2530. The two work as a pair: Oqood records the buyer's interest in the unit, and the escrow account holds the money paid toward it. After completion and settlement of the final payment, the Oqood registration gives way to a title deed issued by the Dubai Land Department.

At the inspection of 25 August 2026, the DLD register read 36.97 percent for Bluewaters Bay, up from 28.38 percent at the 27 April 2026 inspection, with structure, internal works, internal finishes and MEP works recorded as progressing. With most of the build still to be recorded, escrow carries more of the weight at this stage, because payments made ahead of the works remain subject to release against verified progress. The full reading history is tracked on the Bluewaters Bay construction updates page.

Yes. A later handover does not end the protection: buyer funds remain held in escrow and are paid out to the developer only as further construction progress is verified, and a retention portion is typically kept back after completion against defect repairs. Escrow safeguards the capital itself and pays no compensation for delay; any delay terms are set by the Sales and Purchase Agreement.

No. Each off-plan payment for Bluewaters Bay belongs in the DLD-registered escrow account 1049*****20036 at Abu Dhabi Commercial Bank (ADCB), with the full number in the Escrow Details section above, matching the account written into the Sales and Purchase Agreement. A request to pay a personal account, an agency account or a different company account, particularly one offering a discount for paying outside escrow, follows the standard pattern of payment fraud however genuine the documents appear, and any such request is checked against Dubai REST and the agreement before money moves.

Should a registered project such as Bluewaters Bay be cancelled, RERA takes control of the escrow account, and refunds to buyers are handled from the funds held there under Dubai Land Department supervision. That safety net reaches only money paid into the registered account, so a payment sent anywhere else falls outside it. Bluewaters Bay is an active project, read at 36.97 percent on the DLD register at 25 August 2026, and the broader regulatory picture is covered in the Dubai Land Department guide.

The Bluewaters Bay escrow account protects buyer payments toward the purchase price while the towers are built. It does not cover the 4% DLD registration fee, which goes to the Dubai Land Department, and it does not reach payments sent to any other account, compensation for a later handover, future service charges, or changes in market value. Each of those is governed by the Sales and Purchase Agreement, the relevant authority, or the market itself.

The Bluewaters Bay escrow account can be checked in the Dubai REST app under Services, then Project Status, by searching project number 2530. The escrow panel there shows the bank and account number held on the Dubai Land Department record, which are compared with the escrow details in the Sales and Purchase Agreement and with any payment instruction before a transfer is made.

The first phase of Bluewaters Residences, on Bluewaters Island, was handed over by Meraas in February 2019, and the first BVLGARI Residences handovers on Jumeirah Bay Island took place in February 2018. The Bluewaters Bay brochure also names City Walk Residences, Nikki Beach Residences and Port de La Mer in the Meraas portfolio, and Bluewaters Bay itself has been on the DLD register since 07 December 2022.